Bloomberg French retail giants Carrefour SA and Casino Guichard-Perrachon SA have spent years battling for dominance on their home turf. Their new big battleground is almost 10,000 kilometers away. Brazil, Latin America’s largest economy, has become a key factor in propping up Carrefour’s earnings in recent years amid disappointing growth in France. The grocer’s quarterly same-store revenue in Brazil ...

  DUBAI / Reuters Oman’s new budget airline SalamAir will operate as many as 12 Airbus A320 narrow body jets by 2020, as it aims for profitability by the end 2018, its chief executive said. Launched in January, SalamAir has started flights from Muscat to Dubai, Jeddah in Saudi Arabia and Salalah in Oman. It plans to increase its fleet ...

  Bloomberg Blackstone Group LP’s quest to be the first company to build back-up power plants in southern Germany faltered after the European Commission queried whether the nation needs the facilities at all. The world’s biggest private equity firm’s PQ Energy unit says an EU antitrust probe could delay a bid to build new reserve power plants in Germany’s industrial ...